Nikola Corp. (NKLA) stock rises during pre-market trading. Here’s what you should know?

Nikola Corp. (NASDAQ: NKLA) stock declined by 1.2% at the last close whereas the NKLA stock price gains by 3.13% in the pre-market trading session. Nikola Corporation is revolutionizing the transportation industry around the world. Nikola is motivated to change the economic and environmental impact of commerce as we know it as a designer and maker.

NKLA stock’ Exciting New Venture

A turning point in IVECO and Nikola Corporation’s sustainable transportation journey began today in Ulm, Germany, with the public unveiling of the Nikola Tre electric heavy-duty truck production facility. By the end of the year, it will be ready to begin manufacturing. As previously announced by IVECO, CNH Industrial’s commercial vehicle brand, and Nikola Corporation, a milestone was attained at a record speed and on time. In 2022, the first Nikola Tre vehicles will be delivered to a small group of buyers in the United States. In parallel to the production variant of the Nikola Tre battery-electric car (BEV), the Nikola Tre fuel cell electric vehicle (FCEV) prototype was also on show to the public. By the end of 2023, this new model will be in production in Ulm.

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Today’s launch was held in compliance with current COVID-19 requirements, and attendance was limited to roughly 100 international and national stakeholders and journalists. Following are the people who participated:

  • Gerrit Marx, President Commercial & Specialty Vehicles at CNH Industrial and designated CEO of the Iveco Group.
  • Mark Russell, Chief Executive Officer and President of Nikola.
  • Winfried Herrmann, State Minister of Transport in Baden-Württemberg.
  • Martin Bendel, First Mayor of Ulm.
  • Massimiliano Lagi, Consul General of Italy in Stuttgart, Germany.

Gerrit Marx during his opening address said that,

Given all of the industry and global crisis and obstacles they’ve faced since announcing this alliance in September 2019, it’s very exciting to be able to stand here today as a team and see all of their hard work come to fruition on time and according to plan. They have created a basis for Nikola’s technology to grow because to IVECO’s proven experience and extensive footprint. Now their focus is on assuring the operation’s sustainability and taking the lead in climate-neutral long- and short-haul heavy-duty transportation.

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